Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.

Friday, June 19, 2009

I KNEW I READ IT SOMEWHERE

For some time now when discussing the Earned Income Tax Credit I have mentioned that I read a survey somewhere that about 1/3 oF all EITC claims were fraudulent - but I could not remember where I had read it.

2 comments:

Anonymous
said...

It does make me wonder where the fraud originates: the tax payer or the preparer. My experience with EIC clients was varied. Most were upstanding individuals with lower incomes; some seemed to plan their income to maximize the payout. Especially frustrating were self-employed individuals whose income was always in the maximum payout range every year, no matter what their personal circumstances (married, or not, one child or two) were that year. Curious, that.

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